Mackenzie King
College student makes $500/mo on 1st deal.
Investment Info:
Single-family residence buy & hold investment in Fort Smith.
Purchase price: $72,000
Bought a VA foreclosure for $72,000 and improved with about $30,000. 2 Bedroom 1 bath, that I con...
Tou V.
How to buy $1 million multi family units
How would I buy a $1 million MF unit if I only had around 250k? Is it even possible? How are people funding all these 1mill + units? I contacted a couple lenders, but they've just been giving me the run around. ...
Bobby Narinov
Available Financing options for multi-Family (20+ units)
I am trying to get financing for a small apartment complex and the bank was on board for a while. I gave them the purchase price, the down-payment and my financial information.They insisted on giving them the cash-flo...
Kyle Ransom
Why Getting A BPO For Your Deal Upfront Is Very Necessary
I recently consulted a fellow small apartment investor about his recent apartment purchase. It was a great fixer upper and he got bank financing to purchase and fix it up. The loan was based on the lender's after repa...
Jeremy Toney
Experienced Lenders in Multifamily and Apartment Syndication
Hello Bigger Pockets Community!I am looking to connect with experienced lenders in the multifamily and apartment syndication field! My company will be looking to secure lending on our first apartment syndication with...
Joe Coyne
Hungry Cleveland Investor Looking to Build Network
Hey All,I first joined BiggerPockets after stumbling upon it while researching real estate investing. I've been looking to get into the business for years. I've always had a love for real estate and recently left my...
Marteki Codjoe
Local Chicago Bank Recommendations
Hey everyone,I am a part of a REI company (series LLC), and we are considering using a local bank or credit union to house our funds and potentially use for financing for deals. We are primarily wanting to start with ...
Bill Smith
Asking 2 Banks for Financing
Hi. I am about to ask for financing for a 14 unit apartment. Is it ethical to ask 2 banks to do the underwriting and then just use one of them? I'm nervous one will deny it. Do I need to tell both of the banks that ...
Richard McLain
My Income Snowball is Growing
I didn't really plan this scenario, and some of you will fault me for a laissezfaire approach, but I started investing in SFRs in the year 2002 as a SIDE BUSINESS. Lukily, I had other income so I've never neede to ta...
John Nicholas
HELOC on Small Apartment complex
Hello, I am curious if it is possible or how difficult it is to get a HELOC on a paid off apartment complex. if possible what would be the LTV you could get? How does the bank value an apartment complex.Thanks